Montreal, Quebec, August 28, 2008.  Murgor Resources Inc. (MGR: TSX-V) today announced the results of a new National Instrument 43-101 compliant resource estimate on the Company's Hudvam polymetallic deposit in Manitoba.

The new Hudvam resource estimate is based on a 2.0% copper equivalent cut-off grade and is highlighted by a 40% increase in the gold resource and a conversion of more than 70% of the resource to an Indicated category, relative to Murgor's 2007 NI 43-101 resource estimate (February, 2007).   Work was carried-out by Golder Associates Ltd, an internationally recognized consultant firm for Murgor.

"The size and the quality of the resource at Hudvam, continues to grow, thus confirming our geological interpretation and showing the tremendous exploration potential of the property," said Andr� Tessier, President and CEO of Murgor Resources. Given the current price of copper and gold, and the strong demand for copper concentrate, Murgor is now well-positioned to capitalize on this opportunity.." 

The newly estimated resource is as follows:

INDICATED CATEGORY
   

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   CUT-OFF                 TONNAGE                                      GRADE                                                                 CONTAINED METAL**
    GRADE*            ( Metric Tonnes)            Cu          Zn          Au          Ag                      Cu (lbs)          Zn (lbs)        Au (oz)      Ag (oz)                    

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*  Copper equivalent grade base on US$1.75 per lbs Copper, US$0.80 per lbs Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.

INFERRED CATEGORY
   

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   CUT-OFF                 TONNAGE                                     GRADE                                                                 CONTAINED METAL**
    GRADE*            ( Metric Tonnes)            Cu          Zn          Au          Ag                      Cu (lbs)          Zn (lbs)        Au (oz)      Ag (oz)                    

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*  Copper equivalent grade base on US$1.75 per lbs Copper, US$0.80 per lbs Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.
   
This NI 43-101 compliant resource estimate at Hudvam takes into account the 13,553 metres in 51 drill holes drilled on the property by Murgor in 2007 and 2008, in addition to the 115 historical drill holes on the deposit that were validated by Murgor.  The estimate does not, however, include Murgor's new discovery of Hole 44 where 2.17 g/t Au, 1.11% Cu, 0.76% Zn and 13.30 g/t Ag over 5.82 metres were intersected between Zones 1 and 3, and previously disclosed on March 20th, 2008 (section is attached to this press release at www.murgor.com).    Murgor's near-term follow-up work at Hudvam will include a drill program to better define the potential new lens intersected by hole 44, between Zones 1 and 3 and to further test a new mineralized horizon in the stratigraphic hangingwall of the current mineralization.

Due to the polymetallic nature of the Hudvam deposit, cut off grades were calculated in copper equivalencies based on the following price of metals: Copper (Cu) = US$1.75 per pound, Zinc (Zn) = US$0.80 per pound, Gold (Au) = US$700.00 per troy ounce, and Silver (Ag) = US$10.00 per troy ounce.  These prices may be considered conservative, considering the near-term commencement of operations and 3-5 year mine life.

Golder estimated the Hudvam resource using density weighted inverse square distance interpolation method, using 557 measured density values and 3,933 calculated density values with a mean of 3.37 g/cm3.  Crown pillars for both zones 1 and 3 may account for approximately 10% of the indicated resource.  Note: Mineral Resources are not mineral reserves and do not have demonstrated economic viability.

The Hudvam resource estimate update, reported in this press release was directed by Greg Grenough, P.Geo. and Paul Palmer, P.Eng, of Golder Associates Ltd; both are Qualified Person as defined by NI-43-101. The NI 43-101 technical report will be filed on SEDAR in its entirety within 45 days following the date of this press release.

About the Hudvam Deposit:

The Hudvam deposit is located 47 kilometres north-east of the Town of Flin Flon Manitoba, where HudBay Minerals Inc. operates a concentrator, a copper smelter and a zinc plant.  The deposit already has an access ramp, nearly 250 metres long, that could be rehabilitated for quick development of the deposit, with low capital expenditures. 

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on copper, zinc and gold deposits. Late in 2006, the company signed agreements with HudBay Minerals (TSX:HBM), acquiring the right to earn a 100% interest in three deposits. Prior to the 43-101 compliant resource estimate at Hudvam, presented in this press release, the combined NI 43-101 compliant Inferred resource for these three properties amounted to an aggregate of 7.8 million metric tonnes mineralization. The breakdown contained: 143.1 million pounds of copper, 430.2 million pounds of zinc, 221,000 ounces of gold and 2.5 million ounces of silver (not including the new potential resource outlined in 2007-2008 at the Wim deposit). Murgor also acquired from HudBay a 50% interest in two highly prospective grassroots properties, covering more than 1,850 square kilometres adjacent to the Snow Lake and Flin Flon, Manitoba mining districts. The exploration targets for Murgor consist of polymetallic massive sulphide deposits in one of the most prolific greenstone belts in Canada and the world.


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This news release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Murgor, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Murgor's expectations are exploration risks detailed herein and from time to time in the filings made by Murgor with securities regulators.